欧洲央行行长拉加德：我们将采取一切必要措施以实现我们的通胀目标，目前价格保持稳定。 ...

Group 1 - The core viewpoint is that despite the positive performance of Japanese companies, there are risks associated with U.S. tariffs that need to be monitored closely [1] - The Bank of Japan (BOJ) is maintaining an accommodative monetary policy as it approaches its inflation target, but has not fully achieved it yet [1][2] - There is a moderate upward trend in capital expenditure according to the BOJ's short-term economic observation survey, with no significant changes reported [1] Group 2 - High inflation in the U.S. and actions by the Federal Reserve are critical factors that the BOJ plans to monitor closely in the coming months [1] - The BOJ is considering further adjustments to its monetary easing measures if corporate positive behavior can be confirmed to continue [2] - The Japanese economy is nearing its price stability target, with expectations of moderate consumption growth and improving corporate profits [2]

日本央行审议委员高田创：在美国关税影响变得更加明确之前，很难准确预测日本央行的通胀目标何时 能够完全实现。 ...

日本央行审议委员高田创：国内因素显示日本经济正朝着完全实现日本央行的通胀目标迈进，但同时受 到外部因素的巨大压力。 ...

Core Viewpoint - The Bank of Japan is close to achieving its inflation target but has not fully reached it, thus it needs to maintain its accommodative monetary policy [1] Summary by Relevant Categories Monetary Policy - The Bank of Japan's committee member Takeda Sho states that the current monetary policy remains necessary due to the incomplete achievement of the inflation target [1]

日本央行审议委员高田创：日本央行的通胀目标接近实现。日本经济最终经历了几次短暂的经济反弹， 这些复苏被全球需求冲击所中断。 ...

欧洲央行管委雷恩表示，欧洲央行目前处于良好的位置，但没有理由掉以轻心；不能让低于预期的通胀 改变市场预期； 汇率并非政策目标；欧元升值帮助欧洲央行实现了2%的通胀目标。 ...

英国央行货币政策委员泰勒：当前的风险在于通胀目标被低估。 ...

Core Viewpoint - The European Central Bank (ECB) faces increasing risks of inflation remaining below target due to economic weakness in the second quarter [1] Group 1 - The risk of inflation being below the target is greater than the risk of it being above the target [1]

Core Viewpoint - The European Central Bank (ECB) has conducted a strategic assessment of its monetary policy in response to significant changes in the market environment, including geopolitical conflicts, rapid advancements in digitalization and artificial intelligence, demographic shifts, climate crises, and a profound restructuring of the international financial system [1][2]. Summary by Sections Monetary Policy Strategy - The ECB's assessment addresses the need to optimize its economic evaluation framework, policy tools, and decision-making mechanisms in a "non-transparent and unstable" new normal [1]. - A significant adjustment in this assessment is the clarification and reinforcement of the inflation target, acknowledging past "substantial and persistent deviations" from the target [1]. Inflation Target - The inflation target is set at "significantly above 0%" (specifically 2%), which is crucial for ensuring that policy rates have sufficient "buffer space" to respond to negative shocks [2]. - The ECB emphasizes that the 2% target provides a "clear anchor" for inflation expectations while demonstrating pragmatic flexibility [2]. Policy Tools and Decision-Making - Adjustments to policy rates remain the primary tool, but the ECB is prepared to utilize other instruments such as long-term refinancing operations, asset purchases, negative interest rates, and forward guidance when necessary [3]. - The ECB has formally integrated scenario analysis and sensitivity analysis into its policy decision-making process, moving away from solely relying on baseline forecasts [3].